Stock Dividend (DVSE)

SFTR Report - NEWT | Corporate Action Cluster - Addition Sec on Loan | Cash Move - Y>

Status: Best Practice Finalised, Last Updated: 24/05/2021

SFTR Report - NEWT | Corporate Action Cluster - Addition Sec on Loan | Cash Move - Y

Description:
Dividend paid to shareholders in the form of equities of the issuing corporation.

Best Practice:
When booking a Stock Dividend, a loan contract should be booked in addition to the current contract with your counterparty on the pay date of the event. (COAC-67)